PLANSPONSOR Weekend Newsdash
Week ending December 15th, 2017

Happy Friday, PLANSPONSOR readers! This week, we’re highlighting health care and other retirement benefits. First, did you know that most Americans underfund their health care savings? An Alegeus survey found a degree of health care savings discipline scored only 25.9 on a 100-point scale—ranking after college savings, retirement savings and emergency fund savings. Next, discover some of the best strategies large and mid-size employers utilize when balancing health benefit costs. Recently introduced by Representative Richard Neal, D-Massachusetts, a bill called the Automatic Retirement Plan Act of 2017 would require employers to hold either a 401(k) or 403(b) retirement plan; automatically enroll participants into the plan; and more. Also, a report found a combination of automatic features, including auto-enrollment and auto-escalation, can boost retirement savings; and a Lincoln Financial survey reports that government employers are pushing for additional provider education; better technology and more, in order to increase participation. All this and more on this week’s edition of PLANSPONSOR Weekend.

Editor's choice
Majority of Americans Under-Funding Health Care Savings
Only 36% have budgeted to make monthly contributions to their health care savings, and 32% have savings goals to cover long-term health care costs.Read more >
Best Practices for Health Benefit Cost Savings
Among large employers, those Gallagher identifies as best-in-class use proactive planning to spend less, while best-in-class mid-size employers rein in costs without shifting the burden to employees.Read more >
Bill Would Require Employers To Automatically Enroll Workers
All employees would have 6% of their income contributed to a workplace retirement plan and have these contributions automatically escalated each year.Read more >
Data and Research
Combination of Auto Features Improves Retirement Savings
Among plans with both automatic enrollment and escalation, 70% have participants saving 10% of more.Read more >
Data and Research
Government Employers Want More Provider Education to Boost Participation
A Lincoln Financial Group study revealed little participation rates in governmental defined contribution plans, compared to 401(k) and 403(b) plans.Read more >
EARN Act Clears Senate Finance Committee

For the second time in a little more than a week, a key Senate committee has advanced an important piece of retirement plan reform legislation for a vote by the full chamber.

2021 Recordkeeping Survey
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit

The defendant in the case, CommonSpirit Health, was accused of committing fiduciary breaches in the provision of an active target-date fund suit—allegations rejected both in district court and on appeal.

TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Some states are in more than one time zone.
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

Editorial: Alison Cooke Mintzer


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